Considering that December normally comes with a rise on the stock market, the BET index might end 2013 with the highest increase in the last four years.
Whoever would have invested their money in a portfolio of BET shares could have gained even more than 23%, because the index performance does not include the dividends disbursed by the companies comprising it, which means four times more than a bank deposit.
The biggest profit of all companies in the BET came from Fondul Proprietatea (FP.RO), a 60% yield, ten times the bank interest. Fondul Proprietatea’s shares reached a new all time high on Friday, 0.84 lei (EUR0.19).
The BET-C index, which tracks all the listed stocks on the Bucharest Stock Exchange, gained 18.5% since the beginning of the year.
Real estate developer Impact (IMP.RO) saw the highest growth of all listed stocks, 297%.
The Bucharest Stock Exchange recorded the biggest stock transactions in its entire history in November, RON3.2 billion. Last month was when the transactions related to the initial public offering of Romgaz (SNG.RO), RON1.13 billion, Fondul Proprietatea’s share buyback offer, RON600 million, and the sale of the stake the European Bank for Reconstruction and Development (EBRD) had in Petrom, RON386 million, took place.
Transactions in January-November went up to RON10.2 billion, the highest since 2007.
(English version by Loredana Fratila-Cristescu)